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amid reports the obama administration is preparing to recognize syria's opposition counsel as the legitimate representative of the people, clinton notes rebels are now able to hold their ground and take the fight to government forces. >> we have been deeply involved in helping to stand them up, and we're going to carefully consider what more we can do. >> and on iran's nuclear ambitions, clinton says with the u.s. election over, now is the time to see if there's hope for negotiating in good faith. >> there is still a window of opportunity to reach some kind of resolution. >>> all right. back to main street u.s.a. yesterday in sandy stricken new jersey and new york a secret santa was handing out $100 bills. the anonymous missouri man sought out people who had been devastated by hurricane sandy. and while he plans to hand out $100,000 in total, he says it's not about the money, it's about committing random acts of kindness. which he surely did. >>> and speaking of random acts, this new york city police officer did something incredibly kind for a homeless veteran in need, and he did it when he
amid reports the obama administration is preparing to recognize syria's opposition counsel as the legitimate representative of the people, clinton notes rebels are now able to hold their ground and take the fight to government forces. >> we have been deeply involved in helping to stand them up, and we're going to carefully consider what more we can do. >> and on iran's nuclear ambitions, clinton says with the u.s. election over, now is the time to see if there's hope for negotiating...
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. >> i actually thought it was good to see president clinton golfing with president obama today because president clinton was able to do this. he was able to triang late in his second term. he was in there to build legacy and i think that's something that president obama has got to take into store and i hope he continues to get advice from president clinton. >> good point. because it goes on speaking of former presidents, because george w. bush got re-elected in 2004 and he and the republicans were prepared to implement the agenda he ran on, elections of consequences. remember that famous soundbyte? obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made it
. >> i actually thought it was good to see president clinton golfing with president obama today because president clinton was able to do this. he was able to triang late in his second term. he was in there to build legacy and i think that's something that president obama has got to take into store and i hope he continues to get advice from president clinton. >> good point. because it goes on speaking of former presidents, because george w. bush got re-elected in 2004 and he and the...
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. >>> and president obama and former president clinton were part of a golfing foursome sunday but no cameras were allowed. these pictures are from when they played last year. it's believed to be the president's third time hitting the links since the election. >>> finally, birther tate tried to force occidental college to release president obama's student records. the judge said no, told her, quote, evidence is not stuff printed from the internet and ordered her to pay the college $4,000 for its trouble. >>> and that is your morning dish of "scrambled politics." >>> and now for a check on wall street this monday morning. the dow opens this week at 13,025 after gaining 3 points friday. the s&p was up a fraction. the nasdaq lost 1. overseas, the nikkei added 12, and the hang seng dropped 262. >>> investors and traders keep tabs on statement out of this week's fiscal cliff talks, they'll also be watching for friday's release of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking cong
. >>> and president obama and former president clinton were part of a golfing foursome sunday but no cameras were allowed. these pictures are from when they played last year. it's believed to be the president's third time hitting the links since the election. >>> finally, birther tate tried to force occidental college to release president obama's student records. the judge said no, told her, quote, evidence is not stuff printed from the internet and ordered her to pay the...
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if barak obama believes in the clinton tax cuts, let them go back into affect for the entire country and see if the country believes they are good for america. >> the president is campaign acting like he received a anytime percent man date when he only received half. what impact is this having on the psyche of the gop. >> it is affecting the psyche of the president. he's act being like he did win a huge victory . he did win a substitute victory and what happened to the republicans is, they are fearful of all of these taxes going up they are trying to a bargain in good faith to give away something and then say if you will give us something and make us look good. don't humiliate us. the democrats are humiliating the republican party in making that offer . i think their own dignity and principles and beliefs, what republicans ought to say is, we think that extending the tax cuts pay roll and bush tax cuts is good for economy and america and consistent with our principles and blives and you are not going to put a gun to our head and testimony us to give up all of these things and we'll v
if barak obama believes in the clinton tax cuts, let them go back into affect for the entire country and see if the country believes they are good for america. >> the president is campaign acting like he received a anytime percent man date when he only received half. what impact is this having on the psyche of the gop. >> it is affecting the psyche of the president. he's act being like he did win a huge victory . he did win a substitute victory and what happened to the republicans...
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. >> good job by president obama or his speechwriters. now, before the ceremony, former kennedy center honoree actress meryl streep and secretary of state hillary clinton met up at the artists dinner. well, they caught themselves taking their own picture. by the way, i can see meryl playing hillary in a movie coming up. she can morph into julia child and margaret thatcher. >>> if you think your rush hour is bad, check this out. moving less than a mile in 24 hours. that's how it was going for driver as long a major highway in russia. a heavy snowstorm has kept thousands of cars and trucks stuck for more than two days on the main highway between moscow and st. petersburg. some say the backup stretches 120 miles. temperatures are pretty much below zero. kitchens have been set up on the side of the road. drivers running low on fuel are using to heat their vehicles. this looks like a bar right there. >>> still ahead on "with a too early," why are you awake? your tweets, texts and e-mails are next and "morning joe" just moments away. [ fishing
. >> good job by president obama or his speechwriters. now, before the ceremony, former kennedy center honoree actress meryl streep and secretary of state hillary clinton met up at the artists dinner. well, they caught themselves taking their own picture. by the way, i can see meryl playing hillary in a movie coming up. she can morph into julia child and margaret thatcher. >>> if you think your rush hour is bad, check this out. moving less than a mile in 24 hours. that's how it...
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. >> lanny, if what you say is true, that the clinton tax cuts did it, why doesn't barack obama say let's have back all of the clinton tax hikes? let's have back all of the clinton tax increases object on everybody and we'll have a boom because he knows in his heart what he knew in 2010. you raise taxes on everybody, and a weak economy like we've got and you will send it into the dumpster. that's what he's threatening to do. >> that's a fair point. that's the reason it's a weak economy. when bill clinton raised taes and ended up with a surplus, conservatives like yourself loved the fact we had a surplus underather than under the last o administrations. we now have a $16 trillion national debt. >> one question, lanny. under bill clinton, they cut defense spending from reagan 6% of gdp to 3%. cut it in half as a percentage of the economy. that's why he got a balanced budget. he hatched defense. >> we've got to take a break. guys, stay there. by the way, don't forget, bill clinton had newt gingrich and they were a big part of it. actually, clinton sat down with gingrich. i don't see # i don'
. >> lanny, if what you say is true, that the clinton tax cuts did it, why doesn't barack obama say let's have back all of the clinton tax hikes? let's have back all of the clinton tax increases object on everybody and we'll have a boom because he knows in his heart what he knew in 2010. you raise taxes on everybody, and a weak economy like we've got and you will send it into the dumpster. that's what he's threatening to do. >> that's a fair point. that's the reason it's a weak...
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f front page of the wall street journal this morning suggests blet obama might be flexible on e topng those top rates, but goingnot going all the way back to clinton era rates, like 39% thataybe 37% or 38%. compromise be a sign of compromise. said, has always said -- the president has said rates must go up. up, much they go up, whether it's a combination of closing loopholes and getting rid of plustions plus raising the anys a little, he will take any mix. dos very skeptical that you can do much -- most of the work has o be done by raising the rates. intoou get that revenue into new deal. >> john, maybe they need a new definition of entitlement and tax rates and spending. >> right. well, that's one of the things, when you can't get the numbers to add up, you definitely go to the dictionary to make up some .ew words. >> let me turn to susan rice. th this is what the president said yesterday. >> susan rice is extraordinary. donedn't be prouder of the job she has done. >> ,> so what does that mean? the president is going to insist his nomination go forward if she akehis choice or he simp
f front page of the wall street journal this morning suggests blet obama might be flexible on e topng those top rates, but goingnot going all the way back to clinton era rates, like 39% thataybe 37% or 38%. compromise be a sign of compromise. said, has always said -- the president has said rates must go up. up, much they go up, whether it's a combination of closing loopholes and getting rid of plustions plus raising the anys a little, he will take any mix. dos very skeptical that you can do...
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there's growing speculation he'll run if john kerry steps down to take an obama cabinet position. >>> another day, another republican jumping ship from grover norquist and his anti-tax pledge. this time it's new york congressman chris gibson who said that because of redistricting, he figures the pledge only applies to the area he was serving before. >>> and this was the photo op of the day. of course, vice president joe biden, he was shopping at the new costco in washington, d.c. he munched on some cookie samples, bought children's books, a tv set and apple pie. >>> remember this guy? the one who vowed to keep his romney/ryan campaign tattoo dispute the election results? reality has apparently caught up with him, and it's coming off soon. and that's your dish of "scrambled politics." >>> another day of fiscal cliff drama. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets did bounce back by the afternoon. >>> economic data was positive thursday,
there's growing speculation he'll run if john kerry steps down to take an obama cabinet position. >>> another day, another republican jumping ship from grover norquist and his anti-tax pledge. this time it's new york congressman chris gibson who said that because of redistricting, he figures the pledge only applies to the area he was serving before. >>> and this was the photo op of the day. of course, vice president joe biden, he was shopping at the new costco in washington,...
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a lot of us who covered hillary clinton in '08 because i think the president, bill clinton took his wife's loss harder than she did in that campaign against then senator obama. look, what i think is going to happen is hillary has all the cards to her. she is going to take a year off. she can sleep. she can write a book. she can do speaking appearances. she can be a mom to chelsea. >> maybe a grandmom. >> maybe a grandma. i don't know anything about that. and she can still decide to run. this is going to kill all these other democrats who are hoping to run because the field is frozen until she makes a decision. >> i want to talk to you about that, because you raise an interesting point there are a lot of folks who are suggesting one of the reasons we spend so much time talking about hillary ad nauseam is because there really aren't a whole lot of other democrats out there who could run and have a chance of winning. >> don't tell that to andrew cuomo there are a lot of people out there who are regarding their position as essentially frozen until -- >> the list is deep? >> the list of
a lot of us who covered hillary clinton in '08 because i think the president, bill clinton took his wife's loss harder than she did in that campaign against then senator obama. look, what i think is going to happen is hillary has all the cards to her. she is going to take a year off. she can sleep. she can write a book. she can do speaking appearances. she can be a mom to chelsea. >> maybe a grandmom. >> maybe a grandma. i don't know anything about that. and she can still decide to...
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in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the irs. the irs is going to use the bush cut, the dreaded bush tax cuts. the richest 1% paid $84 billion inflation adjusted dollars more between 2000 and 2007. that's a rise of 23%. in other words, their tax rates went down. and their tax revenues went up. now, isn't mr. obama making a mistake? >> well, the rich are paying more in taxes because the rich are disproportionately receiving most of the income in this country. the reality, larry, is that in my lifetime we've actually only raised income tax rates three times. once in 1969 to pay for th
in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the...
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clinton administration and was one of the first big catches who was not for hillary clinton back in the primary, barack obama remembers. >> molly ball, before i let you guys get out of here. if this thing does play out like some does suspect and john kerry ends up getting nominated to run the pentagon, that makes for a very interesting senate race in the state of massachusetts, once again. >> maybe, maybe not. what people keep forgetting in all of this is that the massachusetts legislature is run by democrats who could always just change the law back so that there's not a special election and it becomes an appointment, again. yes, some dominos falling in massachusetts if senator kerry gets that post, particularly if there is an election, which is the state of the law right now. scott brown expected to run for it and about as strong a republican as you can get in the state of massachusetts. >> molly ball, thank you so much. lynn sweet, one of my favorite ladies. lynn, i did not get to ask you about your jesse jackson, but i would encourage folks to read on what you wrote over gesjess
clinton administration and was one of the first big catches who was not for hillary clinton back in the primary, barack obama remembers. >> molly ball, before i let you guys get out of here. if this thing does play out like some does suspect and john kerry ends up getting nominated to run the pentagon, that makes for a very interesting senate race in the state of massachusetts, once again. >> maybe, maybe not. what people keep forgetting in all of this is that the massachusetts...
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hillary clinton was referred to me recently by an operative on the democratic side, very involved in the early jockeying says she's the 800-pound gorilla. if she goes the field is not necessarily hers for the taking, but she would have a significant advantage coming into the race. >> when the former president is asked if his wife will run, he always says he has no idea. is there any indication behind the scenes that she's either annoyed, flattered or feels pressure as so many people -- the election wasn't even over, and everyone had their list of republicans running. of course, her name has always been there for democrats. >> i think she can't help but feel some pressure, tamron. she's been held up as the next great thing in the democratic party. that said, i think she genuinely is flattered by it. you heard in her response to the video that she's willing to sort of accept the accolades and the praise in stride and also maintain this self-depricating sense of humor about it. >> the president has started answering questions on the fiscal cliff in the half hour. now we have some of the
hillary clinton was referred to me recently by an operative on the democratic side, very involved in the early jockeying says she's the 800-pound gorilla. if she goes the field is not necessarily hers for the taking, but she would have a significant advantage coming into the race. >> when the former president is asked if his wife will run, he always says he has no idea. is there any indication behind the scenes that she's either annoyed, flattered or feels pressure as so many people --...
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obama has been unequivocal over the fact that the top earners tax rate must return to the clinton era. he can introduce a tax plan that will accomplish all of his revenue goals. that's the rumbling that they are getting ready to cave and make it seem like they are not caving. the republicans are suddenly in control, blah, blah, blah blah blah. so i don't -- i'm getting confused on how the best way is for this to play out. [♪ "world news tonight" theme ♪] >> stephanie: you know president bad for business, jim? corporate profits have hit a record high while wages have hit a record low. corporation earnings are up 18.6% from a year ago. >> thanks to that socialist obama. >> stephanie: wages as a percentage of the economy are at an all-time low as this chart shows. i have a handy dandy chart once again. >> socialist, communist, hip hop barbecue. >> stephanie: thank you, skeeter. let's goo to jerry. >> caller: hey, steph. i was wondering during the fiscal cliff thing they are talking about putting medicare and everything on the block, couldn't they accuse the president of cutting $716
obama has been unequivocal over the fact that the top earners tax rate must return to the clinton era. he can introduce a tax plan that will accomplish all of his revenue goals. that's the rumbling that they are getting ready to cave and make it seem like they are not caving. the republicans are suddenly in control, blah, blah, blah blah blah. so i don't -- i'm getting confused on how the best way is for this to play out. [♪ "world news tonight" theme ♪] >> stephanie: you...
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the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not next year, this year. the ceo, he is a very big obama supporter. even spoke at the democratic convention. >> a president who understands what the private sector needs to succeed. a president who takes the long view and makes the tough decisions. that is whh i am here tonight supporting president obama. stuart: supports president obama, supports tax the rich, but does not pay the rich taxes. i say tax hypocrisy and i am be
the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir....
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all this coming just days after president obama warned the syrian regime of consequences if it turned chemical weapons on its own citizens. and today secretary of state hillary clinton saying the world has made that perfectly clear to president bashar assad. >> we have sent an unmistakable message that this would cross a red line and those responsible would be held to account. >> activists saying at least 40,000 people have died in the antigovernment uprising that began last year. now evidence the blood shed is again seeping across another border into lebanon. gunmen loyal to the syrian regime and rebels fought it out on the streets in the northern part of that country. dozens reported dead in two days of fighting there. similar clashes have erupted more than a dozen times before in lebanon. more violence and death that we can trace back to the actions of one man. and today a new warning from the head of the united nations that president assad probably should not expect any mercy from his counterparts around the world. jonathan hunt has more on that from the united nations here in new
all this coming just days after president obama warned the syrian regime of consequences if it turned chemical weapons on its own citizens. and today secretary of state hillary clinton saying the world has made that perfectly clear to president bashar assad. >> we have sent an unmistakable message that this would cross a red line and those responsible would be held to account. >> activists saying at least 40,000 people have died in the antigovernment uprising that began last year....
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ambassador susan rice is on the short list to replace secretary of state hillary clinton. but it would be controversial choice for obama, one that key republicans say they plan to block. here for a former balanced debate. editor of chief of the washington free deacon. gentlemen, welcome. >> great to be with you. >> shannon: does president obama really want susan rice under oath in front of a group of some, some will be hostile senators who have questions about benghazi? >> i think if he chooses to go that direction, it's -- he has that right. now look, susan rice went through the talks last week. some went well, some didn't go that well. but i think that overall, if it's the president's -- it is his option to do it. i think right now, you know, it looks like he probably will. but i don't think he, my sense is that -- she hasn't done anything yet that is going to disqualify her. senator lieberman said that. you have most of the senate democrats who are rallying behind her. i think if she was put up, i think she would be confirmed. >> shannon: matt, doug mentioned the meetin
ambassador susan rice is on the short list to replace secretary of state hillary clinton. but it would be controversial choice for obama, one that key republicans say they plan to block. here for a former balanced debate. editor of chief of the washington free deacon. gentlemen, welcome. >> great to be with you. >> shannon: does president obama really want susan rice under oath in front of a group of some, some will be hostile senators who have questions about benghazi? >> i...
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. >> that's from a new video by the obama administration designed to get the public on the president's side of this tax fight. the president took to twitter today to answer questions about the fiscal cliff. one person asked whether deductions for homeowners are at risk to which the president responded, breaks for middle class important for families and economy. if top rates don't go up, danger that middle class deductions get hit. signed "bo." yesterday house speaker john boehner said this on fox news. >> listen, nobody want to go over the cliff. that's why the day after the election i tried to speed this process up by making a concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. you know, the president's idea of a negotiation is, roll over and do what i ask. >> and on "meet the press" yesterday grover tried to change america's mind about who to blame if we do go off the cliff. >> tea party 2 is going to dwarf tea party one if obama pushes us off the cliff. let's not pretend who's pushing us offer the cliff. >> bu
. >> that's from a new video by the obama administration designed to get the public on the president's side of this tax fight. the president took to twitter today to answer questions about the fiscal cliff. one person asked whether deductions for homeowners are at risk to which the president responded, breaks for middle class important for families and economy. if top rates don't go up, danger that middle class deductions get hit. signed "bo." yesterday house speaker john...
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. >>> a strong warning today from secretary of state hillary clinton to the syrian government over the potential use of chemical weapons. one official in the obama administration told cnn there are worrying signs that syria may be considering the use of such weapons against rebels. new this morning, this mayor of this town along the border with turkey told cnn that jets dropped two bombs wounding several people. >>> it is 18 minutes past the hour. we are getting an early read on your local news making national headlines this story from "the boston globe." a year after the paper found that stores and restaurants across massachusetts were intentionally mislabeling fish. guess what? the practice continues. dna testing shows some business are showing cheaper, lower quality fish instead of what is written on the label. in one case, slices of what were supposed to be white tuna at a sushi shop were an oily species of fish that can cause digestive issues. that's terrible. >>> the "new york times," this story got so much attention locally here and around the nation. the homeless man who receiv
. >>> a strong warning today from secretary of state hillary clinton to the syrian government over the potential use of chemical weapons. one official in the obama administration told cnn there are worrying signs that syria may be considering the use of such weapons against rebels. new this morning, this mayor of this town along the border with turkey told cnn that jets dropped two bombs wounding several people. >>> it is 18 minutes past the hour. we are getting an early read...
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president obama says he won't let critics of the u.n. ambassador susan rice keep him from nominating her for secretary of state. he claims so far he hasn't chosen anybody to replace secretary of state hillary clinton. but he says ambassador rice has done a great job at the u.n. and it will be his decision. >> i don't really spend a lot of time on, you know, what folks say on cable news programs attacking highly qualified personnel like susan rice. >> shepard: well, some republic senators say they cannot support ambassador rice right thought because of her comments five days after the attack on the outpost in benghazi. the attack killed the u.s. ambassador to libya chris stevens and three other americans. intelligence officials say they gave ambassador rice the talking points she used on the sunday shows and they took out the references to al qaeda. the "wall street journal," which our parent company owns, reports more than two dozen agencies helped edit those talking points. officials tell the journal the cia made the call to remove the
president obama says he won't let critics of the u.n. ambassador susan rice keep him from nominating her for secretary of state. he claims so far he hasn't chosen anybody to replace secretary of state hillary clinton. but he says ambassador rice has done a great job at the u.n. and it will be his decision. >> i don't really spend a lot of time on, you know, what folks say on cable news programs attacking highly qualified personnel like susan rice. >> shepard: well, some republic...
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will president obama choose one of them or will he choose someone else? with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. to a currency market for ev
will president obama choose one of them or will he choose someone else? with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited...
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secretary of state hillary clinton. will it be u.n. ambassador susan rice or john kerry? >> well, for defense secretary who will it be? senator john kerry possible for that. and of course the vietnam vet later turned against the war and raises a huge red flag in the near future and the veterans for america join us now, hi, pete. >> thanks for having he me. >> read the pre-interview with you. and you're not a fan of either of these choices. what worries you? >> well, a great deal does, and a lot of it comes to judgment and you played the clip about john kerry and iraq and i still found myself in iraq, imagine that? and he's, both of them have records, set aside benghazi, set aside some of the recent events with susan rice and judgments on management of conflicts called into question and she was in the national security council back in 1993 when rwanda kicked off and she made a controversial comment about, well, if we call it a genocide and don't act. what will be the implications on the november mid term election? and if
secretary of state hillary clinton. will it be u.n. ambassador susan rice or john kerry? >> well, for defense secretary who will it be? senator john kerry possible for that. and of course the vietnam vet later turned against the war and raises a huge red flag in the near future and the veterans for america join us now, hi, pete. >> thanks for having he me. >> read the pre-interview with you. and you're not a fan of either of these choices. what worries you? >> well, a...
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hillary clinton as secretary of state and why would they care so much about destroying the reputation of a rhodes scholar a stanford graduate in one of america's most distinguished deployments well given that the three amigos have always been basically a political hit squad a two bit republican gang that's usually promoting wars to either enrich their military industrial complex sponsors or to score points political points against democrats it's a fair bet but it's all about either more war or politics and surprise it's about both if susan rice is taken down by the three a mayor or the next in line for the secretary of defense is massachusetts senator john kerry if he moves to the department of state senate seat opens up and they'll be a special election in massachusetts to replace him which means the big defense contractors can throw a few million bucks at scott brown and very possibly get another republican in the senate and get rid of a democrat president obama should have seen this coming thinking naively that the three amigos might actually have real concerns about what happened
hillary clinton as secretary of state and why would they care so much about destroying the reputation of a rhodes scholar a stanford graduate in one of america's most distinguished deployments well given that the three amigos have always been basically a political hit squad a two bit republican gang that's usually promoting wars to either enrich their military industrial complex sponsors or to score points political points against democrats it's a fair bet but it's all about either more war or...
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in past years, reagan and tip o'neill coming to a compromise, clinton, gingrich. i don't get a sense from obama and boehner there is any compromise at this point. >> well, not now. this may be the week to shout at each other. maybe the it next two weeks are the weeks to get beyond shouting and come together. i think you're right on the dynamic. this in the end everybody seems to agree a deal with boehner. others are players. those are the two main players and they have to figure out how to get things done. tracy: like war of the roses. gerry seib, washington bureau chief of "the wall street journal." thank you, gerry. good stuff. >> thank you very much. ashley: coming up stunning new numbers where america's tax burden hits the hardest. liz macdonald will be here next with that story. tracy: ashley mentioned it earlier, drought conditions turning worse around the country. how will it impact your grocerisy bill if it isn't high enough? as we do every time this time of day see how oil is trading. up slightly. $88.91 a barrel. we'll be right back tracy: so president o
in past years, reagan and tip o'neill coming to a compromise, clinton, gingrich. i don't get a sense from obama and boehner there is any compromise at this point. >> well, not now. this may be the week to shout at each other. maybe the it next two weeks are the weeks to get beyond shouting and come together. i think you're right on the dynamic. this in the end everybody seems to agree a deal with boehner. others are players. those are the two main players and they have to figure out how...
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president obama with john mccain in 2008. bush and clinton in '92. bush and dukakis in '88. carter and reagan in 198. oddly enough, though, bob there was one loser we couldn't find. turns out mondale, '84, lost to reagan. no pictures. what happened? >> bob: we didn't like to menu dand sided not to go. we expected an invitation and never got one. we did. >> eric: c'mon. >> eric: never got an invitation. i went through every president in 1980 -- >> bob: you think we snuck in the backdoor? we would have gone and got a picture. >> eric: i saw reagan and carter. >> bob: what do you think happen? >> brian: i hear they should have got together but reagan never liked carter. >> bob: never. >> brian: that stayed true. cart and ford got to be good friends but not until reagan was in office. >> eric: what do you think? would you love to be a fly on the wall? >> dana: they invited him to the office to have a lunch there. afterwards i was nosey, what was it like? what did you talk about? he said everybody asked about, talked about what it was like to raise children in the public eye. pre
president obama with john mccain in 2008. bush and clinton in '92. bush and dukakis in '88. carter and reagan in 198. oddly enough, though, bob there was one loser we couldn't find. turns out mondale, '84, lost to reagan. no pictures. what happened? >> bob: we didn't like to menu dand sided not to go. we expected an invitation and never got one. we did. >> eric: c'mon. >> eric: never got an invitation. i went through every president in 1980 -- >> bob: you think we snuck...
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over his budget plan. >>> hillary clinton is the lead candidate for 2016, a new poll shows. she keeps saying no, no, no. but will she heed the call? >> yes, yes, yes, yes, yes. >>> new details on the murde murder/suicide involving kansas city chief jovan belcher. what the 911 calls reveal about the slaying of his girlfriend. >>> what you should absolutely stay away from. >>> packed show for you this morning. jeb henserling is joining us. american federation of teachers and our guest as well is randi weingarten. "starting point" begins right now. >>> morning. welcome, everybody. our "starting point" this morning, president obama says he will not bend in this fiscal cliff debate. americans face the prospect of severe tax hikes, spending cuts if republicans and democrats can't get together to work out some deal. congress breaks for the holidays in ten days. if they don't extend that, it will be ten days from then that we fall off the fiscal cliff. >> if we're going to be serious about reducing our deficit while still being able to invest in things like education and research an
over his budget plan. >>> hillary clinton is the lead candidate for 2016, a new poll shows. she keeps saying no, no, no. but will she heed the call? >> yes, yes, yes, yes, yes. >>> new details on the murde murder/suicide involving kansas city chief jovan belcher. what the 911 calls reveal about the slaying of his girlfriend. >>> what you should absolutely stay away from. >>> packed show for you this morning. jeb henserling is joining us. american...
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at the whitehouse, president obama out playing golf with former president bill clinton, the second time they have played. i think this might have been a little payback for clinton's help during the presidential campaign. john boehner still the main obstacle to get anything done about fiscal cliff. we are calling on joining you to lead or get out the way. lead or resign. we will tell you again how to reach his office, how to call him, how to tweet him and get out of the way if you are going -- if you don't have the backbone to lead, if you don't have the backbone who will? >> lots to talk about. >> that's why we have asendsembled the entire team press here peter henning and dan. and back on the phones and as always, excellent videographer, cyprian bowlding on the cameras here so we've got coming to you live on progressive talk radio and on current tv president obama out on the road building public support for the bill that he wants to sign a bill that would give 100% of americans a tax cut and 98% of americans the only tax indicate they would ever need. it would cover everything up to 25
at the whitehouse, president obama out playing golf with former president bill clinton, the second time they have played. i think this might have been a little payback for clinton's help during the presidential campaign. john boehner still the main obstacle to get anything done about fiscal cliff. we are calling on joining you to lead or get out the way. lead or resign. we will tell you again how to reach his office, how to call him, how to tweet him and get out of the way if you are going --...
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as you know secretary of state hillary clinton is stepping down at the end of president obama's first term. on the short list u.n. ambassador susan rice as well as massachusetts senator john kerry. rice is making the rounds on capitol hill these days meeting with lawmakers who are critical of the comments that she made about the terror attack in benghazi that killed four americans. those meetings did not go very well or so it would seem from the comments from senators afterwards. senator kerry seems to be taking a different approach, staying out of the spotlight. asking supporters not to overtly lobby on his behalf. who is likely to get the job? angela mcglowan, fox news political analyst, marjorie clifton a arm toer consultant with the obama campaign and principal with clifton consulting. interesting thing, if there are to be, let's say president obama nominates susan rice and she is said to be his first choice. the guy who leads the hearings on the foreign affairs committee would be senator kerry. >> yeah, no, it is the irony of it all. kerry strategy staying under the radar probabl
as you know secretary of state hillary clinton is stepping down at the end of president obama's first term. on the short list u.n. ambassador susan rice as well as massachusetts senator john kerry. rice is making the rounds on capitol hill these days meeting with lawmakers who are critical of the comments that she made about the terror attack in benghazi that killed four americans. those meetings did not go very well or so it would seem from the comments from senators afterwards. senator kerry...
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without clinton i don't think that obama would have been reelect and that's what he did for him. and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic performance of 2013 and come 2014, you can actually get a political change that might make a difference. stuart: we'll wait and see on that one. art laffer, always a pleasure. >> bye now. stuart: the republicans submit their fiscal cliff solution. now, that pla
without clinton i don't think that obama would have been reelect and that's what he did for him. and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd...
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i don't think it's a coincidence that secretary of state hillary clinton declined the opportunity to go on those shows. i think she realized that the secretary of state -- and i would argue the u.n. ambassador -- should be above politics, should not be talking about a very contentious issue right in the midst of a hard-fought political campaign. >> greta: one of the things you spoke about at the press conference today, when you spoke to reporters, 1998, our embassies were bombed. prior to the bombings, apparently ambassadors asked for more security, and 12 americans were murdered, plus many more murdered in those two bombings. ambassador rice worked at the state department. were you satisfied with the questions she asked about what she knew in terms of any of the requests for protection or beefing up security? i know you asked her those questions. >> i did ask her those questions. we take a look at the 1998 accountability review report on the bombings in kenya and tanzania, and at the time susan rice was essentially in charge of african affairs at the state department. this was a sea
i don't think it's a coincidence that secretary of state hillary clinton declined the opportunity to go on those shows. i think she realized that the secretary of state -- and i would argue the u.n. ambassador -- should be above politics, should not be talking about a very contentious issue right in the midst of a hard-fought political campaign. >> greta: one of the things you spoke about at the press conference today, when you spoke to reporters, 1998, our embassies were bombed. prior to...
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you talked about presidents from obama to george w. bush, bill clinton, all objecting to settlement on that spot and getting his assurances from israel that it wouldn't be built on, so why now? tough talking? election coming up? what happened in the u.n.? what's the feeling there? >> well, certainly the israelis have made no secret of the fact that this is a direct punitive measure for what happened at the u.n. last thursday where, of course, the palestinians managed get an upgraded status there in the u.n. general assembly going to nonmember observer state. of course, the word state there is the operative one for the palestinians. the palestinians now say they do, in fact, have a state which is a taertory that is defined as the west bank, gaza, and east jerusalem. so, therefore, the palestinians are saying that this obviously would make the implementation of this state all but impossible because they say it would be impossible for them to even reach their capital that they want to have, which is, of course, east jerusalem. this is cer
you talked about presidents from obama to george w. bush, bill clinton, all objecting to settlement on that spot and getting his assurances from israel that it wouldn't be built on, so why now? tough talking? election coming up? what happened in the u.n.? what's the feeling there? >> well, certainly the israelis have made no secret of the fact that this is a direct punitive measure for what happened at the u.n. last thursday where, of course, the palestinians managed get an upgraded...
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giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he didn't do last time. starting with the unreasonable position, with what he wants rather than what he thinks he'll get which is a better bargaining position. he's going out and trying to get people to pick up the phone, take up, you know, twitter and facebook and tell congress we want to get this done. so he's doing a lot of the things from a negotiating standpoint that he didn't do last it time around, while still, you know, kind of queuing up the blame game as both sides are doing to make sure that other guy takes the fall if it doesn't work. >> and i think to eric's point, this is why you hear the bill crystals of the world saying what they are saying because the political reality has changed. this is not 2011 anymorep. it's 2012. on the heels of a 51/47 or whatever it is election. and that reality is shaking a lot of republicans and some democrats quite frankly, i mean y
giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he didn't do last time. starting with the unreasonable position, with what he wants rather than what he thinks he'll get which is a better bargaining position. he's going out and trying to get people to pick up the phone, take up, you know, twitter and facebook and tell...
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s great society legislation and ended welfare as we know it and earlier this year president obama did it when he signed on to legislation that cut emergency unemployment benefits down from ninety nine weeks to seventy four weeks depending on the state and today with the so-called fiscal cliff looming republicans want barack obama and democrats to fire the bloody as shots of all against santa clause they want democrats to riddle social security and medicare with bullets and with the help of the corporate media republicans have managed to create this false equivalency that says of taxes go up on the wealthiest two percent of americans and the rust of the nation has to suffer from deep budget cuts to social welfare programs the unemployed would need to get by with fewer employed men to get by with fewer benefits and senior citizens have to work longer before they can qualify for medicare to them this is what's called a balanced approach riot despite claims to the white house that social security is off the negotiating table both president obama and vice president biden have thrown suppor
s great society legislation and ended welfare as we know it and earlier this year president obama did it when he signed on to legislation that cut emergency unemployment benefits down from ninety nine weeks to seventy four weeks depending on the state and today with the so-called fiscal cliff looming republicans want barack obama and democrats to fire the bloody as shots of all against santa clause they want democrats to riddle social security and medicare with bullets and with the help of the...
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it was bill clinton who pushed it down. now president obama is pushing it way up. yet it would be nice to return to the basis of bill clinton, but that's not what we're doing. we're taking a little bit more here, a little bit more there, a little bit more over there. all to pay for all of this wonderful spending that the president wants. >> steve: maybe in four years when hillary runs for president. you have got to figure that's going to happen. >> i wonder what's going to happen to the economy. it's weak now, you raise taxes a little bit more, what happens to the economy? >> steve: so many people have been forecasting that the president does raise rates, couple of years ago, he said during a recession, that's the worst time to jack up rates. now we're not technically in a recession, but we're in a very soft edge. >> watch out, steve, 'cause here it comes, a little bit more. >> steve: thank you very much. stuart varney doesn't do show tunes, but does talk about the news of the day and politics and everything over on fox business exactly two hours and two minutes fr
it was bill clinton who pushed it down. now president obama is pushing it way up. yet it would be nice to return to the basis of bill clinton, but that's not what we're doing. we're taking a little bit more here, a little bit more there, a little bit more over there. all to pay for all of this wonderful spending that the president wants. >> steve: maybe in four years when hillary runs for president. you have got to figure that's going to happen. >> i wonder what's going to happen to...
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. >> clinton says the timing is right. the u.s. election is over, iran's isn't until june. >> president obama's instinct, to try to see if iran is amenable to negotiations is the right one because that will tell us whether or not iran is serious about stopping short of a nuclear weapon. >> tehran under pressure, its economy in shambles after years of sanctions for not letting inspectors into all the facilities. now they want to show the world they've exhausted diplomatic options. >> the question is, is there a deal that we could accept that the iranians could accept. i tend to be skeptical. >> of course, iran and the u.s. have other big disagreements over iran's military aid to the regime in syria and rockets that smuggle to hamas. in the second term, no foreign policy challenge is more critical. the president has been dealing with iran's suspected nuclear threats. >> andrea mitchell in washington. thanks so much. >>> egypt islamists approved a draft constitution this morning that could further enrage anti-government protesters. it
. >> clinton says the timing is right. the u.s. election is over, iran's isn't until june. >> president obama's instinct, to try to see if iran is amenable to negotiations is the right one because that will tell us whether or not iran is serious about stopping short of a nuclear weapon. >> tehran under pressure, its economy in shambles after years of sanctions for not letting inspectors into all the facilities. now they want to show the world they've exhausted diplomatic...
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the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could affect the money, the checks that social security recipients in particular get every single month because it effectively changes inflation so it changes the formula from what they would get. >> significant differences between the white hous
the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age,...
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i think one of the good things about a choice when you had bill clinton pick al gore, when you had obama pick biden even when you had bush and cheney, they all, in their own way had their chemistry. but they also bring something to a ticket. or more important they do no harm. so they don't change the their at this. they don't change the essence of the message. so when cheney was picked, people might have said is he picking his daddy's friend or someone so old to help him. those are -- that could slap down a candidate but it doesn't change your whole thrust of your main selling point which was for romney, i could be a better steward of the economy than obama. so when -- you evaluate what happened yes so it was a great chemistry. >> bill: right. but politically -- again, it changed the focus of the campaign and then what did -- what did paul ryan bring? he didn't bring wisconsin. so you ended up with two candidates. had born in or lived in and paul ryan couldn't deliver either. >> here's the other thing. i think this is why these debriefs are constructive because it is hard to get this inf
i think one of the good things about a choice when you had bill clinton pick al gore, when you had obama pick biden even when you had bush and cheney, they all, in their own way had their chemistry. but they also bring something to a ticket. or more important they do no harm. so they don't change the their at this. they don't change the essence of the message. so when cheney was picked, people might have said is he picking his daddy's friend or someone so old to help him. those are -- that...
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it's an embarrassment to the obama administration? you had secretary clinton who warned abbas not to do this. >> the u.s. isn't going to break with israel. we both know that. right or wrong. the u.s. isn't going to break with israel, and so they were there to support them, and we expected that. at the same time there has to be a long, hard think about how to push this process forward. a two-state solution. >> all right. jim clancy, thank you. appreciate it. >>> we have breaking news. an explosion just outside rocking social security administration building. this is in casa grande, arizona. it's halfway between phoenix and tucson, arizona. you're looking at pictures. this is from our affiliate kpho. we are told that this blast was caused by a device that actually detonated at the rear of this building. that is according to the local police department. it happened around 8:15 in the morning. you're taking a look at some of the aerials here around this building. this is a building that actually houses many and several other downtown busi
it's an embarrassment to the obama administration? you had secretary clinton who warned abbas not to do this. >> the u.s. isn't going to break with israel. we both know that. right or wrong. the u.s. isn't going to break with israel, and so they were there to support them, and we expected that. at the same time there has to be a long, hard think about how to push this process forward. a two-state solution. >> all right. jim clancy, thank you. appreciate it. >>> we have...
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romney and obama are now, and now clinton and 41 are dear, close friends and have done many constructive things together around the world. i think, by and large, these meetings, the luncheon today, will be about optics. it's the photo ops. it's a chance to say america is united. there may be an opportunity here for mitt romney to come out and talk about the fiscal cliff or saying we must avoid falling off it towards something that could be helpful to the white house in the end. i remember back in 2008 it was john mccain that met with president obama. they met in his office in chicago. not at the white house. it seemed like that was the beginning, potentially of two leaders really working together. we have since seen that deteriorate. >> we can't judge personal kem tri. i think barack obama has more at stake in this lunch in the end than mitt romney. if obama can get romney to say something positive about moving a health care agenda forward after all obama care was built on the backs of romney care. if he can say something about the fiscal cliff, the president can gain some bipartisan cre
romney and obama are now, and now clinton and 41 are dear, close friends and have done many constructive things together around the world. i think, by and large, these meetings, the luncheon today, will be about optics. it's the photo ops. it's a chance to say america is united. there may be an opportunity here for mitt romney to come out and talk about the fiscal cliff or saying we must avoid falling off it towards something that could be helpful to the white house in the end. i remember back...
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early next week secretary clinton travels to morocco for a meeting of the so-called friends of syria group. the focus will be on the opposition with the obama administration taking the first steps towards officially recognizing them. jill dougherty, cnn, dublin. >>> we're just a few minutes away from speaking with senator jim demint of south carolina. he's here live in "the situation room." he will explain his stunning decision today to resign from the senate. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >>> let's get the latest on the new york subway death that became infamous by a haunting newspaper photo. lis is sylvester's monitoring that and other top stories in "the situation room" right now. what's the latest? >> wolf, the suspect was arraigned and charged with second-degree murder. beg held withoutailntil hean is aparou ain. ot t ar on the front page of the "new york post" saw him trying to claw his way back onto a new york subway platfor
early next week secretary clinton travels to morocco for a meeting of the so-called friends of syria group. the focus will be on the opposition with the obama administration taking the first steps towards officially recognizing them. jill dougherty, cnn, dublin. >>> we're just a few minutes away from speaking with senator jim demint of south carolina. he's here live in "the situation room." he will explain his stunning decision today to resign from the senate. [ roasting...
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. >> this president clinton have any remarks were suggestions to president obama through their golf game on the fiscal cliff? >> for reasons that would be apparent to anybody who's seen me sitting at golf club i was not there and therefore do not know. [inaudible] >> and a president obama enjoyed the session, but beyond that i don't have anything else for you. [inaudible] >> can you give us more detail about who will be here, how many end the dialog does not already part of the conversation? >> the president looks forward to the meeting. i think we will have details on that later this evening. i don't have a list for you. >> in concept, talk about what experience governors have, what is hoping to hear every day. >> governors have a lot at stake in this process. they've been interesting seeing washington get its fiscal house in order. they see action to ensure that the economy continues to grow. governors broadly speaking having an interest in washington making wise investments and rebuilding our infrastructure. they obviously have a stake in our health care entitlement programs including
. >> this president clinton have any remarks were suggestions to president obama through their golf game on the fiscal cliff? >> for reasons that would be apparent to anybody who's seen me sitting at golf club i was not there and therefore do not know. [inaudible] >> and a president obama enjoyed the session, but beyond that i don't have anything else for you. [inaudible] >> can you give us more detail about who will be here, how many end the dialog does not already part...
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quote, president obama signalled he wouldn'tnsist tax rates on upper income americans rise to clinton era peaks as part of a deficit reduction deal. the white house's flexibility first described by democrat erskine bowles after meetings with mr. obama and others confirmed by administration officials could envision tax rates increase from their current levels but less than clinton era levels. would you agree to a deal, senator? call it in the middle. 37%. >> well, the problem with that is raising those tax rates on those folks really doesn't address the major problem which is the spending that's going on. >> let me stop you there. i understand. forgive me for interrupting you. i know you want to talk about spending. on the top 2% would you agree to a deal in the middle say taxing at 37%? >> i don't think it's a good idea to raise taxes on anybody at times like this. but it only would fund the government for less than 7 days. it's not a solution. the markets need a credible signal that we are serious at dealing with the issue of our major debt and our problem of spending. taxes is such
quote, president obama signalled he wouldn'tnsist tax rates on upper income americans rise to clinton era peaks as part of a deficit reduction deal. the white house's flexibility first described by democrat erskine bowles after meetings with mr. obama and others confirmed by administration officials could envision tax rates increase from their current levels but less than clinton era levels. would you agree to a deal, senator? call it in the middle. 37%. >> well, the problem with that is...
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Dec 3, 2012
12/12
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president obama made that deal. boehner is going to be making a similar argument internally in his caucus now, which is just the reality of i get what you ran on, and i get that your politics are anti-tax, but if we don't make this deal today, it's going to be worse in january or february from your point of view. we're going to get a worse deal in january or february than we're going to get right now. so, you know, swallow hard. take the hit. and let's move on. >> real quick, who's the republican bill clinton in this case? >> who could argument? i don't know. who is that? maybe michael steele. >> you see where that got me. >> is there a senior statesman in the republican party who could go to the republican right and bring them over? is there one? >> reporter: tom coburn. >> kelly, go ahead. yeah. >> reporter: i would say tom coburn of oklahoma who has a lot of credibility on these conservative issues. bob corker of tennessee is a voice who has been trying to make a bigger imprint. and one of the things to factor in
president obama made that deal. boehner is going to be making a similar argument internally in his caucus now, which is just the reality of i get what you ran on, and i get that your politics are anti-tax, but if we don't make this deal today, it's going to be worse in january or february from your point of view. we're going to get a worse deal in january or february than we're going to get right now. so, you know, swallow hard. take the hit. and let's move on. >> real quick, who's the...
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Dec 4, 2012
12/12
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as 2010 ended, president obama and many democrats in congress, including myself, wanted to extend the tax cuts for middle-class families but let rates on income above $200,000 for an individual and $250,000 for a family revert to the clinton era levels. our senate republican friends filibustered that effort, refusing to allow the middle-class tax cut without a tax cut for the highest incomes as well. their hostage strategy worked that time and the president and senate democrats reluctantly agreed to extend the tax cuts for two more years. so now the two years is up and these tax rates are again set to expire. that's why senate democrats passed the middle-class tax cuts act in july. this measure balanced our desire to keep tax rates low for middle-class families against the urgency of addressing our national budget deficits. by keeping tax rates low for 98% of americans and letting the tax rates go up very modestly for families earning over $250,000 a year, the democratic plan would cut the deficit by as much as a trillion dollars over the next decade. now, that alone doesn't cure our
as 2010 ended, president obama and many democrats in congress, including myself, wanted to extend the tax cuts for middle-class families but let rates on income above $200,000 for an individual and $250,000 for a family revert to the clinton era levels. our senate republican friends filibustered that effort, refusing to allow the middle-class tax cut without a tax cut for the highest incomes as well. their hostage strategy worked that time and the president and senate democrats reluctantly...